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Defense Modernization

Defense modernization covers the rearmament and technology refresh underway as governments raise military budgets and restock depleted inventories. Contracts are long, funded, and relatively insensitive to the economic cycle.

163 stocks

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
76	Hotchkis & Wiley Capital Management Los Angeles, California	$1.37B	-$1.23B	12	5.27%	Reduced
77	EARNEST Partners Atlanta, Georgia	$1.35B	+$35.7M	34	7.83%	Increased
78	Primecap Management Pasadena, California	$1.33B	-$59.8M	10	1.16%	Reduced
79	1832 Asset Management Toronto, Ontario, Canada	$1.33B	-$354M	18	1.94%	Reduced
80	Lord, Abbett & Co Jersey City, New Jersey	$1.31B	-$296M	13	4.74%	Reduced
81	Select Equity Group New York	$1.29B	+$92.5M	7	4.58%	Increased
82	Adage Capital Partners Boston, Massachusetts	$1.28B	+$143M	22	2.87%	Increased
83	HSBC Holdings London, United Kingdom	$1.27B	+$19.9M	40	1.53%	Increased
84	Mackenzie Financial Toronto Ontario, Ontario, Canada	$1.27B	+$497K	30	1.97%	Increased
85	Allspring Global Investments Charlotte, North Carolina	$1.26B	+$241M	53	2.08%	Increased
86	VOYA Investment Management Atlanta, Georgia	$1.24B	-$38.6M	56	1.32%	Reduced
87	D.E. Shaw & Co New York	$1.16B	-$253M	52	1.25%	Reduced
88	New York State Teachers Retirement System (NYSTRS) Albany, New York	$1.13B	-$47.9M	42	2.64%	Reduced
89	Balyasny Asset Management Chicago, Illinois	$1.12B	-$172M	43	2.81%	Reduced
90	State Board of Administration of Florida Retirement System Tallahassee, Florida	$1.11B	-$41.1M	53	2.57%	Reduced
91	AQR Capital Management Greenwich, Connecticut	$1.06B	+$126M	48	2.33%	Increased
92	Two Sigma Investments New York	$1.04B	+$313M	53	2.98%	Increased
93	AP Altarock Partners West Palm Beach, Florida	$1.02B	-$19M	1	27.92%	Reduced
94	JP Morgan Private Wealth Advisors San Francisco, California	$1.02B	-$55.9M	31	2.16%	Reduced
95	Truist Financial Charlotte, North Carolina	$1.01B	-$129M	37	1.74%	Reduced
96	Ensign Peak Advisors Salt Lake City, Utah	$1.01B	+$70.1M	42	2.18%	Increased
97	Amundi Paris, France	$1B	+$116M	32	0.54%	Increased
98	Baird Financial Group Milwaukee, Wisconsin	$973M	-$39.8M	32	2.4%	Reduced
99	SEI Investments Oaks, Pennsylvania	$972M	+$160M	55	1.81%	Increased
100	LPL Financial San Diego, California	$967M	+$47M	53	0.75%	Increased